Ericsson acquires Hewlett-Packard's remaining interest in EHPT

Thu, Aug 23, 2001 16:44 CET

Ericsson acquires Hewlett-Packard's remaining interest in EHPT
In order to build a strong position within business support systems and
billing systems for 3G and Internet payment, Ericsson has decided to
acquire Hewlett-Packard's remaining 19 per cent interest in EHPT.
EHPT's activities will be consolidated into Ericsson's operations,
effective September 4, 2001. By consolidating these operations Ericsson
strengthens its telecom management activities and creates new
possibilities and competence synergies.
HP will remain a strong partner of Ericsson, reselling, implementing and
supporting billing systems and business support systems through the
different HP organizations. HP has wide expertise in this market area,
supporting customers around the world.
EHPT today employs around 900 people. The company was founded in 1993 as
a joint venture owned by Ericsson and Hewlett-Packard.
Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership. Providing
innovative solutions in more than 140 countries, Ericsson is helping to
create the most powerful communication companies in the world.
Read more at http://www.ericsson.com/press
FOR FURTHER INFORMATION, PLEASE CONTACT
Åse Lindskog, Director Media Relations
Corporate Communications
Phone: +46 8 719 97 25 Mobile: +46 730 24 4872
E-mail: ase.lindskog@lme.ericsson.se
Ann-Louise Öhrn
Vice President Corporate Communications, EHPT
Phone: +46 31 746 2907 Mobile: +46 70 686 2907
E-mail: ann-louise.ohrn@ehpt.com
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